Economy. Zell not so much. And investor lynn tilton is with us live this hour. She just filed a suit against the s. E. C. Shes fighting back saying fraud charges levelled against her are absolutely false. We begin now with the American Labor market. Traders and investors positioning themselves for fridays employment report but could they be setting themselves up for a bit of a shock . Steve liesman is here to explain. Explain, stevie. Yeah mandy. There has been a lot of worrisome Economic Data these past few weeks and this morning that raises questions about the friday jobs report. Let me show you what im talking about. The adp data 189,000 coming in below the prior one and below the estimate of 225. The ism Manufacturing Survey coming in again below the estimate, below the prior, and inside that ism report wills an employment component asking manufacturers how theyre doing hiring coming in at 50. Thats the lowest since may 2013. Here are the negatives as we get ready for the friday jo
Plummet plummeted. And the dollar turned around. Weak data out of the u. S. Earlier this morning. All kinds of moving pieces. One stock bucking the trend behind us at the New York Stock Exchange, go daddy. The stock prices last night above the expected range and traded for the first time today with a symbol gddy. The investors liking it as much as their racy commercials. Should investors go for go daddy even at these levels . You had a rather eventful morning. They took over the New York Stock Exchange. There was a huge crowd. You even had Danica Patrick doing pushups on the floor. Picture that. Doing pushups on the floor of the New York Stock Exchange. At the same time we were talking to the ceo. I will bring you some of those comments. Well check out the post. It has managed to hold its gains, 30 gain. Walmart inserting itself into a political controversy asking the governor of arkansas to veto a religious freedom bill. The governor sending the bill back to be rewritten. Well get to
Friday. You are watching Market Makers. Olivia i am Olivia Sterns in for Stephanie Ruhle. Erik we have some breaking economic news. Mike mckee is in the newsroom. Mike wholesale inventories up 1 10 of 1 . The forecast was for a 3 10 gain and this is why it matters. The Commerce Department assumed a big gain and inventories when it calculated gdp. This suggests we did not get it. The ford strike represented a lot of delayed imports coming in and they should come in wholesale inventories. They are not, and that may mean gdp in the First Quarter was even lower than we thought. The good news, they are set to build inventories and we may see accelerated not only imports but manufacturing. It is a number worth watching. It does tell us where the economy is. Olivia michael mckee, thank you so much. The labor market bounced back last month, adding 223,000 jobs in the month of april. The jobless rate falling by 1 10 of 1 to 5. 4 , the lowest level in seven years. All this after a march jobs rep
Ready to walk away from the negotiating table but teheran says Good Progress is being made as the deadline is extended by 24 hours. Easter comes early for the swiss chocolate maker. It bounces to the top of the stoxx 600 despite kurncurrency head winds. Good morning. Lets kick things off with Economic Data in terms of march economic numbers. They have risen rising to 52. 2. Meanwhile the forecast was around 52. 4 so maybe this is a little bit of a disappointment for some but we have seen improvement in the german spanish, french figures and this number points to further improvement as well. Factories benefitting from the weaker Euro Dollar Exchange rate which is sensing its worst quarter on record. Down by around 11 and firms barely cutting prices last month. That is a really good sign and yesterday, remember the data confirming the deflation nary pressures for the euro zone, they are easing. Yes were still in deflation nary territory but that pressure is definitely easing so once agai
Oil under 40 bucks. Tenyear slipped below 1. 9 on a weak adp jobs number. Godaddy shares pricing above the expected range. Well talk to the ceo after the first trade. Simon properties withdrawing its offer for rival mall operator macerich after it gets rejected like we told you they would. Walmart Holding Investor Day at nyse putting pressure on suppliers joining the religious freedom debate. Futures are lower. Data from adp showing the private sector added 189,000 jobs last month, a miss. It was a mixed First Quarter for stocks. The nasdaq was the big winner up almost 3. 5 . S p up more than. 4 . Like the nasdaq posting its nintendo consecutive quarterly gain. The dow did finish the First Quarter in negative territory after the drop yesterday of 200 points. Earlier on squawk, sam zell believes stocks in fact overprized. Theres a significant and growing disparity between the stock market and the economy. Almost every company is turning in numbers that are less than expected. Revenue pa